There are two common situations we see growing startups get into when scaling their Finance and Accounting Operations
One pitfall is outsourcing low-level bookkeeping to a big-box solution with minimal internal process, controls, or oversight. This results in a finance function with no clear owner, leaving all financial strategy pieces for the CEO, adding stress and recurring time-consuming tasks to their plate.
The other misstep is not having the right resources for the right stage of growth.
Startups often feel pressured to bring on a CFO to free up their CEO and either choose an expensive hire with little to no real startup experience, or end up paying a hefty salary and benefits for someone who's not necessarily needed full-time.
We believe financials should be a three-tiered approach: CFO, VP of Finance, Financial Reporting. Since most startups don't have a budget or need for all three full-time positions, that's where we come in.
We can come in as a full finance function, or work right alongside the accounting function you have in place and implement our tested and trusty toolkit to help empower your team to run smoother and work smarter. On the finance side, we'll leverage our experience with investors and banks to guide your business to its next series or major financial milestone.
We’ve been in your shoes - we come from startups, we've seen the common pitfalls, we've even made the rookie mistakes. We can help guide and advise from a place of experience and excitement because we genuinely want to dig in, work alongside the team, and help our clients thrive. We’ll even help you outgrow us when the time comes.
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